News
Court hears defendants' opening statements in Gallagher vs Ardonagh trial
The legal dispute between Gallagher and Ardonagh continued today, with lawyers for the defendants concluding their opening statements.
Government to launch operational review of IPT
Insurance industry welcomes review into fairness and efficiency of IPT, but the ABI pledges to continue its campaign to keep the rate from increasing further.
Premium Credit confirms another outage
Brokers and customers of the credit provider experienced problems for almost two days over Monday and Tuesday.
Sector criticised for approach to sharing economy
Report outlines the insurance risks for customers active in hosting AirBnb guests due to gaps in cover.
Aviva to focus on commercial lines growth
Phil Bayles and Rob Townened discuss the provider's UK results, new CEO Maurice Tulloch, and future plans for brokers.
FCA fines The Carphone Warehouse £29m for mis-selling insurance
Huge penalty levied by the watchdog after a whistleblower sounded the alarm and the FCA launched an investigation which found firm failed to train staff to give suitable advice.
Axa puts 106 roles at risk
Redundancies likely as the insurer announces it is to open two trading centres in Bolton and Ipswich.
David Ross attends court as Gallagher v Ardonagh trial commences
Court hears lawyers from both sides outline their arguments on first day of the 12-day long trial.
Expletive-laden broker spat court documents exposed
Gallagher vs Ardonagh: Skeleton argument alleges Simon Matson called former employee a “complicated fat arab” but Gallagher described the defence claims as a “blatant…attempt to distract”.
Gallagher alleges Ardonagh carried out 'carefully planned conspiracy' to poach employees
The departure of a number of employees from Gallagher subsidiary Alesco in 2017, who went on to join an Ardonagh energy division, was “the product of a carefully planned conspiracy”, Gallagher will claim.
'Employees are not chattel': Peter Burton defence in Gallagher staff poaching case
Peter Burton was treated as a “traitor” after leaving Alesco for Bishopsgate, his defence will say.
Dual pricing: Working group investigates loyalty penalty
The Competition & Markets Authority has set up a panel to explore how its recommendations are being implemented.
Insurance Cares: Sector commits to second Day of Giving
The Day, designed to raise funds for dementia research raised £70,000 in 2018.
#Insagepeople: 11 - 15 March 2019
Stay up to date with the latest people moves.
Adler Group to buy Corrigans GI business
The deal is set to complete in June and is Adler’s fourth in three years.
Enterprise Ogden claims hit revealed – report
The liquidator’s report has shown that bust Gibraltar insurer Enterprise must pay out £101.4m extra in claims partly due to changes to the Ogden rate.
Brunel Insurance Brokers buys Glentworth
The deal is described as a “merger of equals”.
FCA increases Financial Ombudsman Service compensation limit to £350,000
The change will see the limit go up from £150,000 from 1 April and could keep going up annually.
Broker Summit 2019: Motor insurance "will be blown away" by autonomous vehicles
Digital Partners CEO Andrew Rear tells brokers that the personal lines market will "substantially shrink" in the near future.
Broking success: Mark Barlow, IFM Insurance
Managing director of Sheffield-based IFM Insurance, Mark Barlow, tells Insurance Age why advice is key to keeping clients and reasons to say no to the consolidators
Profit soars at Admiral in 2018
But the provider's UK household segment reports loss after weather impact.
Broker Summit 2019: FCA addresses “hideous” clone brokers
Economist Vicky Pryce also shared some insight around how the economy could perform following Brexit.
InsurTech Futures: Biba signs first InsurTech partnership with Worry+Peace
The British Insurance Brokers’ Association has joined forces with InsurTech Worry+Peace to help brokers bolster their ability to trade digitally.
Aviva reports UK profit rise for 2018
Combined operating ratio remained flat at 93.8%.